Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

"A Down Day Caps a Brutal Week for the Dow"

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-11-12 07:40 PM
Original message
"A Down Day Caps a Brutal Week for the Dow"
A Down Day Caps a Brutal Week for the Dow
By Andrew Tonner


nvestors are licking their wounds after a relatively rough week. For the week, the Dow Jones Industrial Average (INDEX: ^DJI ) feel 1.7%, or 218 points. Before its lone positive day of the week yesterday, the Dow had closed in the red for six consecutive days. Today's trading results didn't help much. The Dow dropped another 35 points today to leave it down 0.3%. Other broad U.S. indexes were a mixed bag. The S&P 500 also declined 0.3%, while the tech-weighted Nasdaq eked out a tiny gain of just 0.01%.

Macro storylines weighed heavily on U.S. indexes. Anxiousness over the fallout from European elections in France and especially Greece dominated headlines this week. This week's drama reached its crescendo when eurozone governments announced that they considered withholding part of Greece's bailout payments amid the nation's turbulent political climate.

As a result of this week's political tumult, volatility also surged throughout the week. The market's so-called "fear gauge," or the VIX (INDEX: ^VIX ) , increased yet again today, climbing 5.6%. And despite all the high-level news, individual stocks also gave investors plenty to discuss.

http://www.fool.com/investing/general/2012/05/11/a-down...
Printer Friendly | Permalink |  | Top
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-12-12 12:34 AM
Response to Original message
1. Somewhere along the line, Wall Street decided it was entitled to no changes and
Edited on Sat May-12-12 12:35 AM by No Elephants
politicians agreed with Wall Street.

So, the world got engineered to avoid ruffling the feathers of the investor class, instead of requiring that investors adapt to the world.

This is one of many things that happens when the principal (no pun intended) way to make money is betting on Wall Street (or whatever street it is in your country).

This video about Carroll Quigley, whom Clinton said influenced him, explains so much.

http://www.youtube.com/watch?v=IRkCvubUGCM
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Jul 31st 2014, 01:55 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC